On The Web

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There Was No Stopping Credit Card Fee Hikes This Year

April 7 2022

• in
• Interchange

“What’s most striking about the increases in credit card “swipe” fee increases taking effect this month is the quietude with which they’re unfolding. Contrast that with last year when the mere suggestion of the interchange fee increases for merchants unleashed a firestorm of protest. Retailer and merchant trade groups issued a wave of press releases […]

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Marijuana Fintech Players Are Vying to Replace Cashless ATMs

April 4 2022

• in
• Cannabis payments

“Many companies would love to be the Venmo or PayPal of cannabis. But there’s a long way to go.  Cash is still the go-to option in the U.S. since marijuana is federally illegal. Tepid progress toward legislation shows that is unlikely to change anytime soon. At the same time, the most popular payment alternative, so-called cashless ATMs, are problematic.”

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Pot Dispensary ATMs Create A $7 Billion Loophole

April 4 2022

• in
• Cannabis payments

“Bloomberg News Reporter Tiffany Kary explains how banking and cannabis businesses are being misled by cashless ATM withdrawals.”

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Neo Clears $1 Billion Through Its Multi-Currency Accounts Within 14 Months of Launch | Treasury Management International

March 29 2022

• in
• Treasury management

“Neo , the treasury management, payments, and FX fintech, today announced that it has cleared $1 billion through its multi-currency accounts, which went live in June 2020. The firm has made huge strides in the past year and now has over 200 corporate clients across Europe sending and receiving payments every day. Furthermore, over 3,000 banks […]

On The Wires

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Companies

Nelo Enables Buy Now Pay Later For All Ecommerce Stores In Mexico

April 20 2022

• in
• Ecommerce
• Mastercard
• Mexico

“Nelo , a Buy Now Pay Later (BNPL) product in Mexico, announced that it has launched their all-in-one app. Nelo’s customers can now use Nelo at any online merchant, through a partnership with Mastercard. Nelo’s app is the first of its kind in the region, where customers can shop and pay in installments at their favorite […]

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Stripe Newsroom: Le Monde Chooses Stripe to Power Paid Subscriptions Globally

April 7 2022

• in
• Subscriptions

“Le Monde has chosen Stripe to support its digital subscriptions as it expands into new international markets. The French newspaper will begin publishing English-language articles and an international daily newsletter for its growing digital readership…Le Monde will use Stripe’s financial infrastructure to manage its global digital subscriptions through a single, frictionless payments platform. Subscribers in every […]

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Sustainable Fintech CarbonPay Launches Prepaid Business Payment Card: Helping Companies to Automatically Offset Their Carbon Footprint With Every Transaction

April 4 2022

• in
• Sustainability

“CarbonPay , a sustainable fintech platform that offers the planet’s most impactful payment cards and makes everyday climate action simpler, today announced the launch of its corporate prepaid offering, CarbonPay Business Ctrl. With this launch, CarbonPay offers a prepaid card for businesses in the U.S. and U.K. that helps offset their carbon footprint automatically with […]

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Citizens Program Enables Corporate Clients to Offer Employees Early Access to Earned Wages

March 30 2022

• in
• Payroll

“Citizens today announced a solution that enables corporate clients to give employees on-demand access to their earned pay, along with financial health tools designed to help them feel more financially secure…The Citizens solution funds the earned wages and then is reimbursed by companies during the traditional payroll cycle, which means employers can use it at […]

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Deals

Papaya Global to Acquire Digital Cross-Border Payments Service Azimo, Making Payments Instant and Unbound by Geography

March 29 2022

• in
• Payroll

“Papaya Global , the global people management platform for the remote working era, announced today that it has agreed to acquire Azimo , the global digital cross-border payments service, making it possible to pay employees almost instantly regardless of geography and typical payroll limitations. The acquisition of Azimo will significantly expand Papaya’s capabilities in payroll […]

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Sightline Selects J.P. Morgan Payments As Primary Processor for Play+

March 25 2022

• in
• Gaming

“Sightline Payments announced it selected J.P. Morgan Payments as the primary merchant acquirer and payments processor for Sightline’s Play+® ecosystem, which enables consumers to spend their funds with more than 80 partners in over 40 states across the sports betting, lottery, racing, and online and brick-and-mortar casino markets.”